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Thread: Paypal is Down

  1. #91
    Old ihazbackup's Avatar
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    Konrad Nightstalker
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    Quote Originally Posted by RavenJade View Post
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    That the merchant has been compromised and that they must issue me a new credit card.
    Thx for the info. It'll be nice to have any info on how come the merchant is compromised. It may give us clue on what is actually happening in MA

    EDIT: Added paypal - merchant agreement for information should anyone wants to know the possibilities of suspended service

    https://www.paypal.com/au/webapps/mp...hservices-full

    Section 10.1

    10.1 Term; Renewal.
    This Agreement will commence on the later of (i) the date Merchant accepts the terms of this Agreement (the "Effective Date"), or (ii) the date that Merchant's Payflow account is activated for live Transactions, if different; and will continue for a period of one (1) year (or two (2) years if Merchant prepays for two years), unless terminated earlier or suspended according to the provisions of this Agreement. This Agreement will thereafter automatically renew for successive twelve (12) month terms (or twenty-four (24) month terms if Merchant prepays for twenty-four months), unless either party gives the other party written or electronic notice, in accordance with the terms herein, of its intention not to renew the Agreement, at least thirty (30) days prior to the end of the then-current term or renewal term if termination is by PayPal. Any renewal of your Services is subject to our then-current terms and conditions, successful completion of any applicable authentication procedure, if any, and payment of all applicable service fees at the time of renewal. Additional payment terms may apply to the PayPal Services you purchase, as set forth herein and in the applicable Schedules to this Agreement.
    Section 10.2b

    Notwithstanding Section 10.1, PayPal may suspend Merchant's access to the Services or terminate this Agreement as follows:

    Following ten (10) days prior electronic or written notice (such as an overdue invoice) if (a) Merchant breaches the Agreement, (b) perpetrates fraud, (c) causes or fails to fix a security breach relating to the Services, (d) fails to comply with PayPal's best practices requirements for security management or to respond to an inquiry from PayPal, concerning the accuracy or completeness of the information Merchant is required to provide pursuant to this Agreement, (e) if PayPal reasonably suspects fraudulent activity on Merchant's payment services account, (if such breach is not cured within such 10-day period), (f) in the event that certain third party licenses or access to third party components of the Services are terminated, or (g) non payment of invoice; or

    Immediately, without prior notice, if PayPal reasonably believes Merchant's breach compromises the security of the Services in any material fashion, if fraudulent Transactions are being run on your account, or Merchant's financial processor or Financial Institution with which Merchant has a merchant account requires such termination or suspension.
    Last edited by ihazbackup; Today at 08:36. Reason: added paypal - merchant tos

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